Blackstone Real Estate strategies has agreed to sell 11 apartment properties to Equity Residential in separate transactions for a total consideration price of approximately $964 million. The transaction, announced Aug. 7, is expected to close in the third quarter of 2024. New York-based Blackstone was advised by a Simpson Thacher & Bartlett team led by New York-based partners Erik Quarfordt and Leanne Welds. Equity Residential, which is based in Chicago, was represented by Neal Gerber & Eisenberg; Hogan Lovells; and Bryan Cave Leighton Paisner.
Banking & Financial Services
August 08, 2024, 11:29 AM